If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you're considering buying a home. It’s important to understand the context of these reports to know the truth about what’s happening today. According to a recent Continue Reading
Oops! Home Prices Didn’t Crash After All
During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect housing prices fall 10% to 15%, and the housing prices are accelerating on the downside.” Mark Zandi, Chief Economist at Moody’s Continue Reading
What Are the Experts Saying About the Spring Housing Market?
The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your position right now. Here’s what industry experts are saying right now about the spring housing market and Continue Reading
Why Aren’t Home Prices Crashing?
There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing. Even though we’re no longer seeing the buyer frenzy that drove home Continue Reading
The Best Time to List Your Big Bear Cabin is Almost Here
If you’re thinking about selling your Big Bear cabin this spring, it’s time to get moving – the best week to list your house is fast approaching. Experts at realtor.com looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this year: “Home sellers on the fence waiting for that Continue Reading
Business as (un)Usual in Big Bear During COVID-19
While we are all doing our part to beat COVID-19, and we will, we also want you to know that the BigBearRealEstate.com team is here for you in Big Bear! For instance, if you own a cabin in Big Bear, and have not been able to visit for awhile, reach out to us and we'll go check on it for you. If you are wondering what is going on in Big Bear, in the real estate market or otherwise, reach out to Continue Reading
5 Reasons To Sell Your Big Bear Cabin This Winter
Should you sell or should you wait? People often ask if it is a good time to sell a Big Bear home during the winter months, or whether they should wait until the spring. While it may seem logical to sell during the traditionally busier warmer season, this is not necessarily the case in Big Bear. Big Bear is a unique market because of its winter resort appeal, and that means Continue Reading
Why Doesn’t a Big Bear Appraiser Use Price Per Square Foot to Determine Value?
By Rick Hackney, Hackney Appraisal Service "What is the price per sq ft?" I get this question often from Realtors and homeowners. Because this is a common method of comparison, I thought I would explain how appraisers view this approach to value. The price per sq ft is the most familiar method of comparison that many people are aware of. Remember that everything about the property is Continue Reading
Is Your Big Bear Listing Priced Right?
By Rick Hackney, Hackney Appraisal Service Overpricing your home can be a problem. Let’s review some of the most common mistakes made in arriving at a list price, and my comments. 1. There is a listing down the street that you view as inferior to your home and therefore your property should be listed for a higher price. Comment: Closed and pending sales are the best indicators of value, Continue Reading
Is It Time To Buy Down In Big Bear?
Now Might Be The Time To Buy Down In Big Bear Whenever market values increase and the equity in your investment property starts to grow, buying up in Big Bear can be a great way to put yourself in a position to grow even more equity. However, not everyone has the desire to take on the additional responsibility that comes with owning a bigger investment property. Some people want to simplify Continue Reading
